Axt inc (AXTI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

20,061

26,892

27,837

28,732

21,060

16,526

18,035

29,698

39,189

44,352

48,078

56,483

56,512

36,152

29,661

26,115

25,067

24,875

26,185

28,640

33,285

28,814

25,793

26,307

22,760

24,961

27,723

21,959

25,792

30,634

35,503

31,281

31,156

26,156

24,401

21,078

23,724

Short-term investments

8,697

9,427

6,116

7,517

13,085

22,129

21,910

18,802

15,195

20,032

20,524

22,463

20,483

11,415

9,563

10,460

9,053

11,437

8,551

3,932

3,590

12,340

15,366

22,097

22,375

12,499

8,412

6,581

6,540

10,270

10,577

11,465

11,099

5,505

5,774

3,476

10,079

Accounts receivable, net of allowances of $34 as of March 31, 2020 and December 31, 2019

23,613

19,031

17,450

18,275

19,605

19,586

23,308

22,516

21,347

22,778

20,877

18,262

17,649

14,453

18,380

18,036

19,711

18,468

17,110

19,312

18,787

17,864

21,079

19,288

16,364

14,943

16,266

20,091

17,014

17,912

16,888

22,367

16,628

17,966

-

-

23,076

Accounts receivable, net of allowances of $203 and $561 as of September 30, 2011 and December 31, 2010, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,990

22,958

-

Inventories

48,253

49,152

49,071

50,326

53,025

58,571

58,717

57,038

51,122

45,840

40,768

40,627

39,195

40,152

38,731

38,625

38,822

38,012

38,087

38,901

39,475

38,574

36,648

35,263

38,040

39,127

38,376

36,836

38,768

40,352

39,932

40,869

42,028

46,012

44,335

39,653

35,986

Related party notes receivable - current

-

-

-

-

-

-

-

-

-

-

57

109

159

-

-

-

-

-

-

174

173

171

-

-

-

0

2,517

2,502

2,047

2,036

414

415

414

412

-

-

0

Prepaid expenses and other current assets

10,638

8,703

8,249

6,853

11,367

11,728

10,625

9,416

6,704

7,519

5,682

5,301

4,663

5,114

5,265

5,101

4,386

4,096

3,619

3,481

4,312

5,430

5,914

4,695

6,401

8,010

7,412

7,022

7,034

5,268

5,125

5,685

6,573

7,052

7,155

8,699

4,090

Total current assets

111,262

113,205

108,723

111,703

118,142

128,540

132,595

137,470

133,557

140,521

135,986

143,245

138,661

107,286

101,600

98,337

97,039

96,888

93,552

94,440

99,622

103,193

104,800

107,650

105,940

99,540

100,706

94,991

97,195

106,472

108,439

112,082

107,898

103,103

103,655

95,864

96,955

Long-term investments

-

-

4,519

1,260

-

717

1,906

5,714

12,511

12,576

9,685

8,578

9,762

6,156

8,124

8,387

9,211

7,691

10,713

13,699

10,612

7,783

7,332

959

1,678

10,145

12,287

16,886

17,038

9,191

5,367

4,322

3,795

8,981

8,984

11,721

7,172

Property, plant and equipment, net

97,490

97,403

89,680

87,613

84,975

82,280

74,754

65,174

58,763

46,530

42,255

27,945

27,141

27,805

29,385

30,178

31,141

31,422

32,346

33,366

33,223

33,862

34,663

35,226

36,179

37,621

37,450

37,301

37,477

37,235

36,201

35,316

34,566

34,282

31,619

28,814

24,240

Operating lease right-of-use assets

2,810

2,938

2,981

986

1,036

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party notes receivable long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

157

1,735

1,741

1,792

166

1,813

1,711

1,710

1,704

1,874

1,703

1,701

1,715

0

0

418

416

2,031

2,036

2,034

2,021

1,638

-

0

Other assets

11,078

9,803

11,807

12,328

10,405

11,987

11,194

11,323

11,476

11,573

11,696

12,004

11,853

12,842

12,084

12,787

13,544

15,729

14,721

15,000

15,128

14,975

15,216

15,170

14,752

14,801

14,830

14,352

14,196

14,275

14,183

13,918

13,983

14,101

15,143

14,263

11,884

Total assets

222,640

223,349

217,710

213,890

214,558

223,524

220,449

219,681

216,307

211,200

199,622

191,772

187,417

154,246

152,928

151,430

152,727

151,896

153,145

158,216

160,295

161,517

163,885

160,708

160,250

163,822

165,273

163,530

166,324

167,589

166,221

167,674

162,276

162,488

161,039

150,662

140,251

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

9,518

10,098

8,147

6,004

7,882

13,338

12,344

14,059

12,049

11,445

9,499

8,189

8,159

6,691

7,277

7,848

8,034

6,460

5,959

7,323

9,131

7,137

9,480

6,612

7,618

8,140

8,596

5,375

6,581

5,894

4,570

5,860

4,177

3,286

6,598

3,745

7,094

Accrued liabilities

10,371

11,681

9,432

10,945

9,556

15,371

12,776

11,793

9,190

11,149

9,284

9,363

7,906

9,260

5,011

5,371

5,357

6,381

5,513

6,043

5,815

7,634

6,790

7,122

6,646

7,286

9,208

9,136

9,434

7,202

6,800

8,360

7,155

7,597

7,077

7,681

7,745

Bank loan

6,071

5,747

5,609

-

-

-

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

25,960

27,526

23,188

16,949

17,438

28,709

25,411

25,852

21,239

22,594

18,783

17,552

16,065

15,951

12,288

13,219

13,391

12,841

11,472

13,366

14,946

14,771

16,270

13,734

14,264

15,426

17,804

14,511

16,015

13,096

11,370

14,220

11,332

10,883

13,675

11,426

14,839

Long-term portion of royalty payments

1,445

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent operating lease liabilities

2,542

2,695

2,744

895

926

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term portion of royalty payments

-

-

-

-

-

-

-

-

-

-

144

287

431

575

719

863

1,006

1,150

1,294

1,438

1,581

1,725

1,925

2,125

2,325

2,525

2,725

2,925

3,125

3,325

3,525

3,725

3,925

4,125

4,438

4,750

5,500

Other long-term liabilities

503

366

324

391

213

283

320

296

329

289

278

220

232

330

307

307

308

344

345

332

350

333

323

366

272

325

155

157

148

254

157

131

119

431

107

118

108

Total liabilities

30,450

30,587

26,256

18,235

18,577

28,992

25,731

26,148

21,568

22,883

19,205

18,059

16,728

16,856

13,314

14,389

14,705

14,335

13,111

15,136

16,877

16,829

18,518

16,225

16,861

18,276

20,684

17,593

19,288

16,675

15,052

18,076

15,376

15,439

18,220

16,294

20,447

Commitments and contingencies (Note 12)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock Series A, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of March 31, 2020 and December 31, 2019 (Liquidation preference of $7,213 and $7,169 as of March 31, 2020 and December 31, 2019)

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

-

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

3,532

Common stock, $0.001 par value; 70,000 shares authorized; 40,827 and 40,632 shares issued and outstanding as of March 31, 2020 and December 31, 2019

41

41

40

40

40

40

39

39

39

39

39

39

39

33

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

32

Additional paid-in capital

238,041

236,957

236,320

235,702

234,976

234,418

233,522

232,984

232,212

231,679

228,516

227,539

227,158

194,177

195,863

195,156

194,899

194,646

194,381

194,714

195,152

195,419

195,151

194,751

194,448

194,156

194,058

193,720

193,651

193,063

192,703

192,346

192,054

191,554

191,296

190,976

190,021

Accumulated deficit

-47,961

-47,783

-45,734

-44,836

-46,287

-45,183

-44,122

-48,061

-51,962

-54,837

-57,971

-62,390

-64,320

-64,985

-67,199

-69,428

-70,579

-70,621

-69,378

-69,420

-69,417

-68,393

-68,082

-68,726

-69,045

-67,005

-65,777

-63,482

-61,447

-59,047

-58,291

-59,223

-60,522

-62,157

-64,723

-71,207

-82,477

Accumulated other comprehensive loss

-6,637

-4,862

-7,240

-3,130

-733

-1,972

-1,846

1,172

5,846

3,407

2,275

1,293

550

253

2,529

2,844

4,665

4,382

5,166

7,586

7,620

7,673

8,333

8,722

8,500

8,953

6,988

6,650

6,366

6,033

6,006

6,163

6,189

5,818

5,530

5,366

4,652

Total AXT, Inc. stockholders’ equity

187,016

187,885

186,918

191,308

191,528

190,835

191,125

189,666

189,667

183,820

176,391

170,013

166,959

133,010

134,757

132,136

132,549

131,971

133,733

136,444

136,919

138,263

138,966

138,311

137,467

139,668

138,833

140,452

142,134

143,613

143,982

142,850

141,285

138,779

135,667

128,699

115,760

Noncontrolling interests

5,174

4,877

4,536

4,347

4,453

3,697

3,593

3,867

5,072

4,497

4,026

3,700

3,730

4,380

4,857

4,905

5,473

5,590

6,301

6,636

6,499

6,425

6,401

6,172

5,922

5,878

5,756

5,485

4,902

7,301

7,187

6,748

5,615

8,270

7,152

5,669

4,044

Total stockholders’ equity

192,190

192,762

191,454

195,655

195,981

194,532

194,718

193,533

194,739

188,317

180,417

173,713

170,689

137,390

139,614

137,041

138,022

137,561

140,034

143,080

143,418

144,688

145,367

144,483

143,389

145,546

144,589

145,937

147,036

150,914

151,169

149,598

146,900

147,049

142,819

134,368

119,804

Total liabilities and stockholders’ equity

222,640

223,349

217,710

213,890

214,558

223,524

220,449

219,681

216,307

211,200

199,622

191,772

187,417

154,246

152,928

151,430

152,727

151,896

153,145

158,216

160,295

161,517

163,885

160,708

160,250

163,822

165,273

163,530

166,324

167,589

166,221

167,674

162,276

162,488

161,039

150,662

140,251